Home sales in Spanish Fort, Daphne and Fairhope for July, 2008

Home sales were up slightly to 135 solds in July, compared with 128 homes sold in June 2008 from Spanish Fort to Point Clear. The number of houses going under contract remains weak at 119 pendings, up slightly from 114 pendings in June.

July statistics aren't much different from those of a year ago, when the slowdown in home sales started. Typically, July is a slow real estate month with the majority of families with school-aged children trying to close in May/June.

Inventory continues to rise, from 1,237 on the market in June to 1,284 now on the market.

Here are the stats for the Eastern Shore in July:

Total houses for sale: 1,284

Spanish Fort: 135

Daphne: 458

Fairhope: 629

Lake Forest: 62

Pending sales

Total: 119

Spanish Fort: 16

Daphne: 47

Fairhope: 49

Lake Forest: 7

Closed sales for July 2008

Total: 105

Average sales price: $332,014

Median sales price: $246,000

List to sale percentage: 96.92%

Spanish Fort: 13

Daphne: 46

Fairhope: 39

Lake Forest: 7

Here's the comparison, looking at the same data for July 2007

Total sales: 120

Average sales price: $308,847

Median sales price: $246,700

List to sales percentage: 97.34%

Janet English, RE/MAX By The Bay, Daphne, Alabama, 251 591-2411